Advertisement
Indian Rupee Rises To 2-day High Against U.S. Dollar
(RTTNews) - The Indian rupee strengthened against the U.S. dollar in the European session on Friday.
In economic news, the Reserve Bank of India reduced its key interest rates for the first time in nearly five years with an aim to boost economic growth.
Under the leadership of newly appointed Governor Sanjay Malhotra, the Monetary Policy Committee decided to reduce the policy repo rate by 25 basis points to 6.25 percent from 6.50 percent.
This was the first reduction since May 2020. Markets widely expected today's rate cut.
Against the U.S. dollar, the rupee advanced to a 2-day high of 87.283 from an early low of 87.585.
If the rupee extends its uptrend, it is likely to find resistance around the 86.00 region.
read more
Indian Rupee Rises On Trade-deal Hopes
The Indian rupee strengthened against the U.S. dollar in the European session on Wednesday, as investor mood was bolstered by trade-deal prospects and foreign fund inflows.
RTTNews
|
9時16分前
Indian Rupee Falls To 2-day Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the Asian session on Wednesday, as terrorist attacks in Kashmir, India, weighed on sentiment.
RTTNews
|
7日前
Indian Rupee Falls To 3-week Low As RBI Cuts Repo Rate By 25 Bps
The Indian rupee weakened against the U.S. dollar in the European session on Wednesday, after the Reserve Bank of India reduced its key policy rates for the second straight meeting and also changed its monetary policy stance to accommodative.
RTTNews
|
21日前
Indian Rupee Rises To Near 4-month High Amid Trump's Reciprocal Tariffs
The Indian rupee strengthened against the U.S. dollar in the early European session on Friday, as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts supported the INR.
RTTNews
|
26日前
Indian Rupee Hits Record Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the European session on Tuesday.
RTTNews
|
127日前
Indian Rupee Slides To Record Low Amid Speculations On RBI Intervention
The Indian rupee weakened against the U.S. dollar in the Asian session on Wednesday, as traders speculate that the Reserve Bank of India (RBI) is likely to intervene in the foreign exchange to limit the significant weakening of the rupee.
RTTNews
|
140日前
Indian Rupee Falls To Record Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the European session on Monday, as Trump's tariff threat bolstered the dollar.
RTTNews
|
149日前
Indian Rupee Falls To 6-day Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the Asian session on Thursday.
RTTNews
|
153日前
